Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Fri, May 20, 11:18 PM
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Slide #315. MTBC — Preferred Stock Offering
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
MTBC (Nasdaq:MTBC), a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, announced the pricing of its public offering of 204,000 shares of 11% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") at a price of $25.00 per share. In addition, MTBC has granted the underwriters a 30-day option to purchase from it an additional 30,600 shares of Series A Preferred Stock.
CareCloud is a healthcare information technology company that provides a suite of proprietary cloud-based solutions and related business services, to healthcare providers, from small practices to enterprise medical groups, hospitals, and health systems throughout the U.S. Co.'s Software-as-a-Service platforms include practice management, electronic health record, business intelligence, telehealth, patient experience management solutions, and robotic processing automation bots, along with complementary software tools and business services such as revenue cycle management, premiere healthcare consulting and implementation services, and on-demand workforce staffing capabilities.
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Strong Buy (3.86 out of 4)
(ranked higher than approx. 69% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com